NASDAQ : GRML
Greenland Mines Ltd — Financial statements
United States
Last price 5.14 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 68.60M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Selling, General & Admin | 15.43M | 4.95M | 2.89M | 631.32K | 574.37K | 287.92K |
| Research & Development | 1.12M | 634.19K | ||||
| Operating Expenses | 18.67M | 7.15M | 5.54M | 631.32K | 574.37K | 1.11M |
| Operating Income | -18.67M | -7.15M | -5.54M | -631.32K | -574.37K | -1.11M |
| Interest Expense | -6.50K | -2.31M | -356.60K | -76.21K | -24.37K | |
| Other Non Operating Income (Expenses) | -1.04M | -1.09M | -253.53K | 78.00 | 147.00 | 44.00 |
| EBT Excluding Unusual Items | -19.72M | -10.55M | -6.15M | -707.46K | -598.59K | -1.11M |
| Pretax Income | -21.77M | -10.55M | -6.15M | -707.46K | -598.59K | -1.11M |
| Earnings From Continuing Operations | -21.77M | -10.55M | -6.15M | -707.46K | -598.59K | -1.11M |
| Net Income | -21.77M | -10.55M | -6.15M | -707.46K | -598.59K | -1.11M |
| Net Income to Common | -21.77M | -10.55M | -6.15M | -707.46K | -598.59K | -1.11M |
| Shares Outstanding (Basic) | 1.76M | 969.80K | 384.95K | 302.61K | 20.90M | 3.44M |
| Shares Outstanding (Diluted) | 1.76M | 969.80K | 384.95K | 302.61K | 20.90M | 3.44M |
| EPS (Basic) | -12.36 | -10.88 | -15.98 | -2.34 | -0.03 | -0.32 |
| EPS (Diluted) | -12.36 | -10.88 | -15.98 | -2.50 | -0.03 | -0.32 |
| EBIT | -18.67M | -7.15M | -5.54M | -631.32K | -574.37K | -1.11M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 9.34M | 7.18M | 63.74K | 2.81K | 75.87K | 300.85K |
| Cash & Short-Term Investments | 9.34M | 7.18M | 63.74K | 2.81K | 75.87K | 300.85K |
| Receivables | 250.00K | |||||
| Prepaid Expenses | 2.80M | 117.07K | 94.07K | 3.84K | 3.67K | 3.67K |
| Total Current Assets | 12.21M | 7.29M | 157.81K | 6.65K | 329.54K | 304.52K |
| Other Intangible Assets | 48.67M | 2.30M | 2.30M | 2.19M | 2.21M | 736.98K |
| Total Assets | 65.01M | 9.59M | 2.46M | 2.19M | 2.54M | 1.04M |
| Accounts Payable | 698.22K | 44.61K | 63.69K | 151.26K | 8.01K | 15.13K |
| Accrued Expenses | 213.46K | 32.16K | 912.10K | 161.46K | 4.74K | |
| Short-Term Debt | 297.97K | 271.75K | 1.31M | 1.35M | ||
| Total Current Liabilities | 1.21M | 76.76K | 1.25M | 1.62M | 1.36M | 15.13K |
| Other Long-Term Liabilities | 5.90M | 53.00K | 24.49K | |||
| Total Liabilities | 7.11M | 129.76K | 1.27M | 1.62M | 1.36M | 15.13K |
| Common Stock | 15.88K | 7.25K | 2.71K | 1.51K | 104.49K | 104.49K |
| Additional Paid-In Capital | 96.54M | 30.05M | 11.75M | 4.49M | 3.54M | 3.54M |
| Retained Earnings | -38.66M | -21.11M | -10.56M | -3.92M | -3.22M | -2.62M |
| Comprehensive Income & Other | 516.00K | 751.40K | ||||
| Total Common Equity | 57.90M | 9.46M | 1.19M | 571.72K | 1.18M | 1.03M |
| Shareholders' Equity | 57.90M | 9.46M | 1.19M | 571.72K | 1.18M | 1.03M |
| Total Liabilities & Equity | 65.01M | 9.59M | 2.46M | 2.19M | 2.54M | 1.04M |
| Total Debt | 297.97K | 271.75K | 1.31M | 1.35M | ||
| Net Cash (Debt) | 9.05M | 7.18M | -208.01K | -1.31M | -1.27M | 300.85K |
| Net Cash Per Share | 5.14 | 7.40 | -0.54 | -4.31 | -0.06 | 0.09 |
| Filing Date Shares Outstanding | 3.18M | 2.42M | 570.21K | 1.04B | 1.04B | 1.04B |
| Total Common Shares Outstanding | 3.18M | 1.45M | 541.62K | 1.04B | 1.04B | 1.04B |
| Working Capital | 11.00M | 7.22M | -1.09M | -1.61M | -1.03M | 289.38K |
| Book Value Per Share | 18.23 | 6.52 | 2.19 | 0.00 | 0.00 | 0.00 |
| Tangible Book Value | 9.23M | 7.16M | -1.11M | -1.61M | -1.03M | 288.88K |
| Tangible Book Value Per Share | 2.91 | 4.94 | -2.06 | -0.00 | -0.00 | 0.00 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -21.77M | -10.55M | -6.15M | -707.46K | -598.59K | -1.11M |
| Asset Writedown & Restructuring Costs | 2.05M | 10.00K | ||||
| Stock-Based Compensation | 5.90M | 1.57M | 2.65M | 1.40K | 821.15K | |
| Other Operating Activities | 1.71M | 4.05M | 393.71K | |||
| Change in Accounts Payable | 685.58K | -19.08K | -187.57K | 104.00K | 4.74K | -12.90K |
| Change in Income Taxes | -568.11K | |||||
| Change in Other Net Operating Assets | -2.79M | -933.94K | 906.26K | 156.54K | -7.12K | 16.75K |
| Operating Cash Flow | -14.22M | -5.89M | -2.95M | -446.92K | -599.57K | -284.02K |
| Sale (Purchase) of Intangibles | -476.47K | -123.50K | 23.85K | -125.41K | ||
| Investing Cash Flow | -794.00K | -123.50K | 23.85K | -125.41K | ||
| Short-Term Debt Issued | 2.15M | 2.30M | ||||
| Total Debt Issued | 297.97K | 2.15M | 2.30M | |||
| Short-Term Debt Repaid | -2.73M | -120.00K | ||||
| Total Debt Repaid | 31.00K | -2.73M | -120.00K | |||
| Net Debt Issued (Repaid) | 328.97K | -580.18K | 2.18M | |||
| Issuance of Common Stock | 15.19M | 13.01M | 175.00K | 100.00K | 750.00K | 250.00K |
| Other Financing Activities | 412.33K | 75.35K | 778.94K | 250.00K | -250.00K | |
| Financing Cash Flow | 15.93M | 13.00M | 3.13M | 350.00K | 500.00K | 250.00K |
| Net Cash Flow | 913.41K | 7.11M | 60.93K | -73.06K | -224.98K | -34.02K |
| Levered Free Cash Flow | -8.47M | -5.27M | -586.62K | 131.43K | -750.60K | |
| Unlevered Free Cash Flow | -8.46M | -3.82M | -363.74K | 179.07K | -735.37K | |
| Cash Interest Paid | 79.15K | 79.15K | 2.46K | 78.50K | 19.62K | |
| Cash Income Tax Paid | 551.59K | |||||
| Change in Working Capital | -2.11M | -953.02K | 150.57K | 260.54K | -2.38K | 3.85K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 61.13M | 20.96M | 10.31M | 94.18M | 150.02M | |
| Enterprise Value | 52.08M | 13.62M | 10.26M | 95.49M | 149.58M | |
| Last Close Price | 4.58 | 14.45 | 24.25 | 535.00 | 503.25 | |
| PB Ratio | 0.25 | 2.21 | 8.70 | 164.73 | 127.22 | |
| P/TBV Ratio | 6.62 | 2.93 | ||||
| Debt / Equity Ratio | 0.01 | 0.23 | 2.29 | 1.14 | ||
| Net Debt / Equity Ratio | -0.16 | -0.76 | 0.17 | 2.28 | 1.08 | -0.29 |
| Quick Ratio | 7.72 | 93.49 | 0.05 | 0.00 | 0.06 | 19.88 |
| Current Ratio | 10.09 | 95.01 | 0.13 | 0.00 | 0.24 | 20.12 |
| Return on Equity (ROE) | -63.50% | -198.17% | -700.07% | -80.81% | -54.28% | -105.71% |
| Return on Assets (ROA) | -30.76% | -74.13% | -148.93% | -16.68% | -20.05% | -65.60% |
| Return on Capital Employed (ROCE) | -29.30% | -75.10% | -457.90% | -110.40% | -48.70% | -108.10% |
| Earnings Yield | -269.77% | -50.33% | -59.64% | -0.75% | -0.40% | |
| Buyback Yield / Dilution | -228.85% | -151.93% | -27.21% | 98.55% | -508.33% |